myclass24
myclass24your class. your pace.
Q&A BANK

every question.
answered.

5,832 answers across CBSE, ICSE, and State boards - Class 1 to 12, every subject.

CBSEICSEState
SUBJECT
CLASS

Filtered results

5,832 TOTAL
GeneralClass 11CBSE

“Less educated persons are more enterprising”. Is it a myth or a reality? Comment.

There has been people like William Durant, Henry Ford and Dhirubhai Ambani, who have not had a formal education and yet have been successful entrepreneurs. Still there are a number of evidences that substantiate that education facilitates a greater sense of enterprise in people. Education helps individuals to manage things better by improving their emotional and skill quotient. So, poor performance in education is not related to greater sense of enterprising.

GeneralClass 11CBSE

Education stimulates growth in human resource. Explain.

Education stimulates growth in human resource by developing the ability to adjust with nature, environment, people and various socio-political systems created by people. Education develops ability to adjust with these systems by providing necessary social science, general science, health and moral lessons at primary and secondary level.

GeneralClass 11CBSE

“Education develops work culture”. Explain.

Education helps not only in improving the intelligence level, but also develops an individual emotionally by enhancing his skills. The attitude of an educated individual towards his work is more focused, orderly and organised. Education helps in deeper and correct understanding of the issues involved in the management of an enterprise. By developing a systematic thinking throughout the organisation, education generates an enhanced work culture.

GeneralClass 11CBSE

What is the importance of interpersonal relationship for business?

A good interpersonal relationship helps in understanding the needs, intents and aspirations of various stakeholders. In the absence of a good & healthy interpersonal relationship with the parties like customers, stakeholders, dealers, vendors, employees and shareholders; an enterprise cannot grow and sustain in the market. A good interpersonal relationship helps in better marketing of the products of an enterprise to various parties.

GeneralClass 11CBSE

How does education helps in developing enterprise vision?

Developing enterprise vision requires synergy of various faculties of mind. Education helps in developing the mental faculties which help in developing vision, through a process of knowledge and skill transfer in an individual. Vision helps the entrepreneur to understand the direction and magnitude of growth of enterprise. Education provides analytical thinking skills to an individual, which help in building enterprise vision.

GeneralClass 11CBSE

What is self-actualisation?

Self actualisation means the desire for self-fulfillment, namely, to the tendency for one to become actualized in what he is potentially. It means realising one’s full potential. It is a driving force that maximizes one’s abilities. An entrepreneur should have a high level of self actualization so that he/she does not have to look out for support for everything.

GeneralClass 11CBSE

Write in brief a note on technical skills which an entrepreneur is required to possess.

An entrepreneur is required to possess certain technical skills like communication skills, writing skills, organising skills, decision-making skills, risk-taking skills, negotiating skills or networking skills. There are many other skills that are also required, depending upon the type of enterprise. Education helps in acquiring all these skills in a phased manner or to develop them in self, through a process of knowledge and skill transfer.

GeneralClass 11CBSE

List two technical skills required for the success of an enterprise.

Communication skills and negotiating skills.

GeneralClass 11CBSE

Enumerate three qualities of a successful entrepreneur.

Motivation

GeneralClass 11CBSE

How does education stimulate growth in human resource? 2 Marks A.7. 1. Education develops ability to adjust with people,

environment etc.

GeneralClass 11CBSE

Name the term which explains the ability of an entrepreneur to develop skills to practice innovation of products and then put these innovations to social use.

Entrepreneurship.

GeneralClass 11CBSE

What kind of knowledge for resources does a successful entrepreneur need?

Basic knowledge of men and materials.

GeneralClass 11CBSE

What develops the capacity to assimilate knowledge in an entrepreneur?

Education.

GeneralClass 11CBSE

What is an enterprise vision?

It is the intended future state of the organisation.

GeneralClass 11CBSE

Which level of education provides capacity to offer services?

Professional education.

GeneralClass 11CBSE

What is the aim of providing enterprise education?

Human resource development.

GeneralClass 11CBSE

Explain any six functions of an entrepreneur.

The functions are: Sensing an entrepreneurial opportunity: The entrepreneur senses the opportunity faster than others do. He has to keep his eyes and ears open and require imagination and creativity. Converting ideas into reality: An entrepreneur collects information regarding the ideas, products, practices to suit the demand in the market. Resourcing: An entrepreneur needs various resources in terms of money, machine, material and men to run the enterprise succ

GeneralClass 11CBSE

Explain the salient features to manage the enterprise.

The salient features to manage the enterprise are: Organisation of goods and services Ensuring production Ensuring quality Ensuring supply Marketing the product or services Ensuring returns on investment Exercising controls on the supply line for continuity Managing finances Watching the competition.

GeneralClass 11CBSE

State the competencies an entrepreneur should have in sensing the opportunity?

An entrepreneur should have the: Ability to sense and evaluate the enterprise opportunity. Ability to assess the strength of the opportunity. Ability to distinguish between the real and the perceived value of the opportunity. Ability to see the risks and their returns. Ability to have personal skills and goal in the context of the opportunity. Ability to estimate the differential advantage of the enterprise in a competitive environment

GeneralClass 11CBSE

Mention any six features of a broad business plan.

Main features of a broad business plan are: Market studies Feasibility report A list of proposed products and / or services A broad understanding of the quantity and quality of the proposed products and services Sources of inputs Anticipated problems and their management

STILL STUCK?

Get a tutor for just your question.

One-on-one help, verified tutors. Matched within 24 hours.

Get Started →